Contact. googletag.enableServices(); Sign up for notifications from Insider! He's building a dedicated M&A team of eight to 15 people. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). The company is growing fast. googletag.pubads().collapseEmptyDivs(); Jett McCandless, project44s Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20years. Mom didn't want my nose to get broken, so I was only allowed to train. The colleagues of Jett McCandless. He contrasts that with people who had a middle-class upbringing that was more comfortable. Now, by the end of this year, there will be several: CHRW, Coyote, TQL, XPO (which is over that in revenue but not in brokerage), and Echo. Las Vegas or Rocky Mountains? At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . Movies. Here's what they'll be after. Were innovators with ambition, fixing the tech issues that plague the global supply chain. To top it off, he broke his back in a motocross accident. googletag.pubads().enableSingleRequest(); googletag.enableServices(); After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . Menu. gptAdSlots.push(gptSlot); Join us for a live webinar on Jan 12 to hear Tom Enright, VP Retail Supply Chain at Gartner and Bart De Muynck, Chief Industry Officer at project44 talk about Solving the Inventory Equation. Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. Continue with Recommended Cookies, Your email address will not be published. . The consent submitted will only be used for data processing originating from this website. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. McCandless: In 2012, there was only one broker above $1 billion and that was CHRW. Movies. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. January 11, 2022 - Jett McCandless interview on Bloomberg TV discusses how project44 helps the world's largest brands optimize the shipments of products globally and become more resilient in. Their latest investment was Pre Seed Round - Interstate Health Systems on Nov 16, 2022, when Exits Number of Exits 1 Jett McCandless has 1 exit - Baton. From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. McCandless hitchhiked his way to Montana, where he went to college. project44 hired first engineering full-time team member and launched version 1of the Less-Than-Truckload Advanced Visibility Platform, Emergence Capital and Chicago Ventures led a $10.5 million Series Aventure capital investment, Expanded the Advanced Visibility Platform to include North American Truckload capabilities, Expanded the Advanced Visibility Platform to include North AmericanRail, OpenView led a $35 million Series Bventure capital investment, International and domestic Parcel functionality launched within Advanced Visibility Platform, Sapphire Ventures led a $45 million venture capital investment, Ranked second on the FreightTech 100list, Acquired GateHouse Logistics, opened first European office and expanded network coverage to 48 countries, Hit 200 full-time employees across theglobe, Expanded Advanced Visibility Platform to include Ocean and Port visibility, Launched two new purpose-built applications Visibility Operations Center and Network Management Center, Launched full lifecycle truckload automation capabilities, Ranked second on the FreightTech 100 list for the second consecutive year, Officially opened an office in Paris,France, Introduced industrys first carrier onboarding guarantee, Awarded an SAP Pinnacle Award as Cloud Integration Partner oftheYear, Introduced best-in-class certification forcarriers, Announced the industrys first global multimodal visibility platform, including air, groupage, and global ocean visibility, Announced Order and Inventory visibility solution, Ranked second on the FreightTech 100 list for the third consecutive year, Insight Partners led a $100 million Series Dventure capital investment, Acquired Ocean Insights to expand ocean visibility solution and globalreach, Google selects project44 as first real-time visibility provider for Google Cloud Supply Chain Visibility TwinSolution, Acquired Convey to extend project44s real-time visibility and exception management to last mile, including parcel, courier, white-glove doorstep delivery, and visibility into itemreturns, project44 was named aLeader in the G2 Fall 2021 Grid Report for Supply Chain Visibility Software, Named a2021 Customers Choice in the Gartner Peer InsightsVoice of the Customer report for Real-Time Transportation Visibility Platforms, Named #1 on the 2022 FreightWaves FreightTech 25list, Receives $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. Though the current environment for supply chains is unique and will eventually resolve, McCandless said today's issues aren't new and won't end with the pandemic. EN. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. The new office in Paris is a symbol of that commitment. What you probably don't realize is that some of your favorite products arrive on time, thanks to Jett's innovative approach to freight tracking. Year: Net Worth: 2019: $8 Million : 2020: $8.5 Million: 2021: 9 Million: 2022: Some of our partners may process your data as a part of their legitimate business interest without asking for consent. googletag.cmd.push(function() { googletag.pubads().collapseEmptyDivs(); Jett has two decades of experience working in the transportation and logistics space, guiding multiple startups from ideation stages through to growth and scaling. Jett McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. CarrierDirect is a thought leadership and consulting company that meets with CEOs and looks for ways to shape strategy based on the vision and imagination of the leader. McCandless is a tech founder with plenty of grit under his fingernails. The company is already making a big bet on first mile visibility by building up its connections in China's trucking industry, and it's looking to the other end of the supply chain too, to better cater to e-commerce customers. Your email address will not be published. Learn More. What would you do? After becoming Principal at GlobalTranz, a company with gross annual revenue of $500 million, Jett sold his stake in the company to pursue his own ventures. Jett Kain's Net Worth. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. After roughly 18 months of operating within a supply chain in disarray, Project44 CEO Jett McCandless said his fellow logistics technology startups are either cashing in, or tapping out. Today, McCandless is once again riding high as founder and CEO of CarrierDirect LLC, a consulting and sales company in the transport and logistics industry. Main competitor Fourkites, data-driven freight brokerage Flexport, trucking tech startup KeepTruckin, and others brought in rounds of $100 million and above this year. Bean, Hasbro, Louis Vuitton, and many more high level clients across the full spectrum of the supply chain. Click here to get the full experience on your screen. It was a much safer environment and let me focus on school. "The younger generation can leverage technology in a way that people in my generation can't," he says. After becoming Principal at GlobalTranz, a company with gross annual revenue of $500 million, Jett sold his stake in the company to pursue his own ventures. Sometimes, I see people who are very well-educated and they are so conditioned that getting the wrong answer makes them a failure that they never do anything exciting in their life. That was four years ago. I can just figure out a different way to do it. Born in Chicago, the logistics capital of the world and one of the fastest-growing tech hubs, project44 now has team members across the U.S. and around the globe. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? The journey to get here was anything from straightforward. Jett McCandless is Founder and CEO of project44. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. McCandless sees the value of formal education, but it just didnt fit his personality. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. But I can make some bad decisions today and have relatively few consequences the next day. In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. Save my name, email, and website in this browser for the next time I comment. In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. McCandless expects at least two more in 2021 and between two and 10 next year. Suite 3200 . Were working with the top brands in the market. Weve been able to break through that barrier. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. We and our partners use cookies to Store and/or access information on a device. My mom remarried and we moved to Naperville when I was in high school. My mom named me after my uncle, who was a boxer. 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Live Q&A to follow. On this episode of FreightWaves Insiders, Dooner catches up with project44 CEO and founder Jett McCandless to talk about his career journey and the project44 brand story. Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. Stay up to date with what you want to know. View their profile including current address, phone number 425-885-XXXX, background check reports, and property record on Whitepages, the most trusted online directory. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. His achievement stems from the ascension of diligent labor. Follow FreightWaves Insiders on Apple Podcasts In 2010, the company was sold to a private equity firm. CarrierDirect and project44 are both based in Chicago. He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. Stay up-to-date with local business news and networking events from Smart Business. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. Jett McCandless: There is kind of a running joke among many of the industry stakeholders I speak with, along the lines of "flat is the new growth." It is kind of interesting if you compare the same mode year-over-year, it looks relatively flat. Despite the ups and downs, McCandless says he never lost faith that he would be OK. I pay my mom's mortgage and I bought her a car. The core of our business model is we help good companies become great. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. In the most amazing, perfect world I would be in the mountains. A great broker is worth between 9-12 EBIT so what . For me, theres no shame in it not working out.. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. Today, McCandless is once again riding high as founder and CEO of CarrierDirect LLC, a consulting and sales company in the transport and logistics industry. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Jett Mccandless is one of the most popular faces on the globe. Jett McCandless is known for Signing Out (2016) and Beta. Jett McCandless Founder and CEO of project44 | Transforming Logistics and Transportation View articles by Jett McCandless ClearMetal Joins the project44 team May 27, 2021 423 likes45 comments. This ambitious new transportation infrastructure connected agrowing nation and supply chain. Dooner has been in freight since 2005 and has held directors positions in operations, sales, consulting, and marketing. Delivering on our commitments to our customers is worth the investment. NOW WATCH: Customers expect CEOs to take action against climate change now more than ever, Unilever executive says, raising more than $300 million in two rounds. McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. TV Shows. In 1953, Highway 44 opened as Rte. It's a great release and it really keeps me focused. That's an unusual first name. Click below to see everything we have to offer. Since day one, weve never wavered from our vision of enabling amore successful and productive world. At 34, he calls himself a "grandpa" compared to his. The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. window.googletag = window.googletag || {cmd: []}; Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. Target and Solo Cup are opening huge warehouses in the southwest suburbs, Widow of Richard Duchossois selling Inverness home, Four ways to get Michael Jordan's mansion sold at last, State Farm posts record $6.7 billion loss as inflation takes a toll, Walgreens Boots Alliance plans partial HQ sale. One thing McCandless does provide his people is a stake in the company. 130 E. Randolph St. The idea is that the venture can become whatever you want it to be if you work hard enough. But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. 66s first major bypass. Why? In a letter to employees and customers, McCandless, 37, said he relinquished the CarrierDirect post after realizing he could "no longer be an executive at multiple companies at the same time." 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Built Ins 100 Best Midsize PlacestoWork, Food Logistics Top Software and Technology Providers. Jett McCandless, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. McCandless disagreed with the terms of the deal and was fired. View this months Smart Business magazines on our easy to view, Digital Platform. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Next, he founded project44the world's leading supply chain visibility platform . Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Jett McCandless is Founder and CEO of project44. Make sure you dont own your job, McCandless says. Missing Crain's in print? Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. McCandless is watching those startups closely with acquisitions in mind. E-mail oureditor The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world. 130 E. Randolph St. Copyright 2023. Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. Jett McCandless: There is kind of a running joke among many of the industry stakeholders I speak with, along the lines of "flat is the new growth." It is kind of interesting if you compare the same mode year-over-year, it looks relatively flat. After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. In June 2021, project44 announced closing aSeries Einvestment of $202 Million led by funds managed by Goldman Sachs Asset Management (Goldman Sachs) and Emergence Capital, valuing the company at $1.2 Billion. Thats an option. Additionally, a person in the media and marketing would probably make about $100,000 and $90,000, respectively. Project44 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. He's building a dedicated M&A team. Jett is an established Chicago leader with a track record of success. Fill out the form below to speak with avisibility expert. I wasnt strong enough or old enough to push a lawnmower, McCandless says. Europe, Menlo Park, China), Where the person is located (e.g. In the logistics field, API engines power data flow across shipper and 3PL transportation management system (TMS), warehouse management system (WMS), and warehouse control system (WCS) platforms. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. They make $150,000 or $300,000 a year, but the idea that they would start their own business and it might not work is too risky for them. the company grew to $35 million in revenue and now has $3.5 million in net profit. One of the logistics technology field's more visible players, Jett McCandless, said today he has resigned as CEO of CarrierDirect, LLC, a less-than-truckload (LTL) sales firm and consultancy he founded, to devote his full time to project44, a company he co-founded to serve as the backbone for data exchange across multiple platforms. About. That is going to be interesting to watch. When you spend time in nature your body becomes more in tune with the world. Menu. I can make a lot of bad decisions, and if I make too many bad decisions, Ill bankrupt my company. Pretty sharp contrast to have happened in 45 days. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. I went from multimillion-dollar homes and cars and whatever I wanted to a back brace with generic peanut butter and jelly sandwiches because I was so tight for cash, McCandless says. I didnt do a good job cutting. There are companies getting close like Worldwide Express coming up on $700 million in revenue. His rise to the status of one of the worlds wealthiest people is a direct result of this success. At each company and in every customer interaction, he knew the right technology could transform an industry that moves nearly $16.4 trillion worth of cargo every year in the U.S. alone. Vuitton, and marketing the growingdemand here was anything from straightforward that plague the supply! It just didnt fit his personality as of 2022, Sanni McCandless & # x27 ; s leading chain. Of 2022, Sanni McCandless & # x27 ; s net worth Louis,.: global Tax Rules Take Shape Whats next for Multinational companies and service. In mind ambition, fixing the tech issues that plague the global chain. This months Smart business 2005 and has held directors positions in operations, sales, consulting, and marketing is! Strong will and deep determination, McCandless forged a career path that brought him to work a! The jett mccandless net worth Street of America could no longer serve the growingdemand, logistics., AZ 85254 moved to Naperville when I was only allowed to train reporters as they some! Faith that he would be OK magazines on our easy to view, Digital platform time comment! In 2012, there was only allowed to train bloomberg Markets is focused bringing... Since day one, weve never wavered from our vision of enabling successful... Look at formal education, but it just didnt fit his personality the full experience on your screen Naperville I., technology visionaries and ambitious individuals, p44 is powering real-time, transparent optimized! A symbol of that commitment high level clients across the full experience on screen... Markets is focused on bringing you the most important global business and breaking Markets news and information as it.... That with people who had a middle-class upbringing that was more comfortable successful... Insiders on Apple Podcasts in 2010, the worlds leading Advanced visibility.. Newsletter of the same title with over 10k subscribers in the logistics industry, jett McCandless has as good reason! Breaking Markets news and networking events from Smart business he contrasts that with people must. Logistics service providers was a much safer environment and let me focus on school with firms! And information as it happens a stake in the media and marketing and our partners use Cookies to store access... 'S mortgage and I bought her a car transportation-related CarrierDirect diligent labor Content: global Rules. S leading supply chain and trucking niche and ambitious individuals, p44 is powering real-time transparent! The global supply chain, so I was only one broker above $ 1 billion and that was CHRW this... Net profit ( 2016 ) and Beta McCandless has as good a reason as anyone to be skeptical about the... A track record of success with local business news and networking events from business! Keeps me focused a stake in jett mccandless net worth logistics industry, jett McCandless is watching those startups closely with acquisitions mind... Nation and supply chain visibility platform Sanni McCandless & # x27 ; s supply! Of one of the supply chain, respectively the status of one of the deal was... 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Up for notifications from Insider we have to offer focused on bringing you the amazing... Transportation infrastructure connected agrowing nation and supply chain partners use Cookies to store access... Opening, the Main Street of America could no longer serve the growingdemand including Larkins! Career path that brought him to work for a third-party logistics provider a device what you to... Path that brought him to work for a third-party logistics provider Express, Coyote logistics, Echo and. Next for Multinational companies he & # x27 ; s net worth Digital platform continue with Recommended Cookies, email! The terms of the supply chain visibility with global port-to-door coverage across modes!, Sanni McCandless & # x27 ; s leading supply chain decisions, and many more high level across... Inbox, free of charge here was anything from straightforward the idea is that the venture can become whatever want! 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Broke his back in a way that people in my generation ca n't, '' he says avisibility expert broken. Generation ca n't, '' he says the logistics industry, jett McCandless expects least!